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Google (GOOG.O): Gemini Spark is rolling out to Google AI Pro users outside the United States.August 1st - According to CBS News, citing multiple sources, the United States and Israel are planning "one of the most intense bombing campaigns to date" against Iranian energy infrastructure, potentially targeting power plants and oil refineries, with the operation possibly lasting throughout the weekend. Sources say Israel has been notified and is coordinating with the US, but Trump has not yet issued final approval. The report notes that the plan was proposed at Trumps cabinet meeting at Camp David on Friday, and some White House political aides strongly opposed it, fearing the operation could impact the US and global economy. Trump stated, "Were going to hit them very hard." The US has also discussed cutting off Tehrans power supply, but no decision has been made. Previously, Trump stated that for every attack on ships in the Strait of Hormuz, the US would bomb an Iranian bridge or power plant. If this operation is carried out, it would mean Israel has resumed military operations that were previously suspended due to a US-mediated ceasefire.August 1st - According to Irans Tasnim News Agency, the Houthi rebels in Yemen stated that, in order to implement their strategy of "blockade against blockade," eight Saudi oil tankers have been forced to change course and circle the Cape of Good Hope after maritime restrictions were imposed on them. The Houthis stated that the blockade against Saudi Arabia will continue and warned that they will take action against relevant vessels within their capabilities. The Houthis also stated that they will continue to push for the lifting of the blockade on Yemen and to protect their own interests.The U.S. military stated that as of July 31, Central Command had altered the routes of 30 merchant ships, rendered two ships inoperable, and boarded and inspected two more.August 1st - According to the New York Times, Federal Reserve Chairman Warsh is reportedly considering reducing the number of the Feds regular interest rate decision meetings. This move could cause a major upheaval and mark the most significant change in the Feds operations in recent years. Currently, the Feds 12-member Federal Open Market Committee (FOMC) meets eight times a year to vote on whether to raise, lower, or maintain borrowing costs. According to four sources familiar with the matter, Warsh proposed adjusting the meeting frequency at this weeks Fed meeting. These sources also revealed that at this weeks meeting, Warsh discussed the legal basis for the minimum number of meetings the Fed must hold annually, and the timeline for such adjustments. Reportedly, Warsh requested that officials provide feedback to him, rather than having a comprehensive discussion of the meeting schedule at this weeks meeting.

NYMEX crude oil expected to rise to US$80.92

Oct 26, 2021 11:00

On Friday (October 8), international oil prices rose, with a cumulative increase of nearly 5% this week. The reason is that there are signs that some industries have begun to shift their fuel from high-priced natural gas to oil, and people doubt whether the U.S. government will move from its strategic reserves. To release oil. Look at $80.92 on NYMEX crude oil.

GMT+8 13:55, NYMEX crude oil futures rose 1.59% to 79.50 US dollars / barrel; ICE Brent crude oil futures rose 1.42% to 83.11 US dollars / barrel.


Commonwealth Bank of Australia analyst Vivek Dhar said in a report: "Oil prices have risen again after the U.S. Department of Energy stated that it has no plans to use the U.S. Strategic Petroleum Reserve to cool the hot oil market at this time."

In general, the increase in oil prices this week was driven by the surge in natural gas prices, the power industry was forced to switch to oil power generation, and the Organization of Petroleum Exporting Countries and Russia-led partners (collectively referred to as OPEC+) decided to maintain the current monthly increase of 400,000 barrels. /Day plan.

ANZ Bank Commodity Analyst said in a report: “Accelerating the conversion of natural gas to oil may increase the demand for power generation. Winter in the northern hemisphere is coming.” He added that when winter comes, it includes diesel and heating. U.S. distillate stocks, including oil, are at their lowest level since 2000.

However, there is still uncertainty about the soaring natural gas price and the extent to which the power industry will increase oil demand. JPMorgan Chase analysts pointed out that they have not heard of the large-scale switch to oil power generation in the European power sector. "This means that under normal winter conditions, the estimated demand for natural gas conversion of 750,000 barrels of oil equivalent per day may be extremely exaggerated. "

On the daily chart, U.S. oil is in an upward ((3)) wave that started from $61.74 and broke through the 23.6% target of $78.37. The upper resistance looks at the $80 mark and the ((3)) wave 38.2% target of 88.66. Dollar.

On the hourly chart, oil prices are in five upward waves starting from $74.97. The upper resistance looks at the 100% target of $79.78 and the 123.6% target of $80.92. Wave 5 is a sub-wave of the upward (1) wave that started at $61.74. (1) Waves are the sub-waves of ((3)) waves.

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